1508 E Williams St, Unit Studio
1508 E Williams St
TempeAZ85281
Cheap Homes for Rent in Tempe, AZ from $700 (186 Rentals)
Search the lowest-cost Homes available for rent right now in Tempe.
5409 S Hazelton Ln
TempeAZ85283
1720 E Hermosa Dr
TempeAZ85282
1155 E Geneva Dr
TempeAZ85282
2080 E Greenway Dr
TempeAZ85282
712 N Santa Barbara
MesaAZ85201
1939 E Concorda Dr
TempeAZ85282
1630 E 12th St
TempeAZ85281
1630 E 12th St
TempeAZ85281
1630 E 12th St
TempeAZ85281
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1630 E 12th St
TempeAZ85281
1324 W 13th St
TempeAZ85281
700 W University Dr, Unit 125
700 W University Dr
TempeAZ85281
1630 E 12th St
TempeAZ85281
9605 S 48th St
PhoenixAZ85044
1201 S McClintock Dr
TempeAZ85281
1201 S McClintock Dr
TempeAZ85281
912 S Dorsey Ln
TempeAZ85281
910 S Dorsey Ln
TempeAZ85281
1309 W 10th St
TempeAZ85281
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1904 S Shannon Dr
TempeAZ85281
625 E Broadway Rd
TempeAZ85282
445 S Dobson Rd
MesaAZ85202
1311 W Baseline Rd
TempeAZ85283
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$1,0362 Bedroom Apartments Available Now
1050 W University Dr
1050 W University DrMesa, AZ 85201
5302 E Van Buren St
PhoenixAZ85008
1201 S McClintock Dr
TempeAZ85281
1811 E Apache Blvd
TempeAZ85281
5312 E Taylor St
PhoenixAZ85008
731 W University Dr
TempeAZ85281
New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.
906 S Farmer Ave, Unit C
906 S Farmer Ave
TempeAZ85281
5900 E Thomas Rd
ScottsdaleAZ85251
1522 E Southern Ave
TempeAZ85282
1111 E University Dr
TempeAZ85288
5900 E Thomas Rd
ScottsdaleAZ85251
6801 E Avalon Dr
ScottsdaleAZ85251
1006 S Dorsey Ln
TempeAZ85281
4718 E Portland St
PhoenixAZ85008
731 W University Dr
TempeAZ85281
4236 S 46th Pl
PhoenixAZ85040
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
4475 E Pueblo Ave
PhoenixAZ85040
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$1,2002 Bedroom Apartments Available Now
918 Hayden Rd
918 Hayden RdScottsdale, AZ 85257
4821 E Willetta St
PhoenixAZ85008
200 E Southern Ave
TempeAZ85282
1811 E Apache Blvd
TempeAZ85281
1857 E University Dr
TempeAZ85281
830 S Dobson Rd
MesaAZ85202
1409 S Mill Ave, Unit Main
1409 S Mill Ave
TempeAZ85281
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$1,2502 Bedroom Apartments Available Feb 14
1315 W 5th St
1315 W 5th StTempe, AZ 85281
1033 N Parkside Dr
TempeAZ85288
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Tempe, AZ Local Guide
How much does it cost to rent a home in Tempe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tempe 2 Bedroom Homes for Rent | $1,796 | $950 | $5,495 |
| Tempe 3 Bedroom Homes for Rent | $2,685 | $1,000 | $10,000+ |
| Tempe 4 Bedroom Homes for Rent | $3,179 | $725 | $7,500 |
| Tempe 5 Bedroom Homes for Rent | $4,529 | $750 | $10,000+ |
| Tempe 6 Bedroom Homes for Rent | $6,004 | $4,500 | $6,800 |
| Tempe 7 Bedroom Homes for Rent | $750 | $750 | $750 |
Browse Top Homes for Rent in Tempe
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Tempe, AZ Local Guide
- Tempe Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Tempe, AZ
Pricing Updated: 01/22/2026Current apartment rentals in the Tempe, AZ area range in price from $695 to $15,316 with an overall median price of $3,797. The three Tempe neighborhoods with the lowest median rent pricing are Guadalupe at $899, The Lakes at $917, and Apache at $695. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Tempe Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Guadalupe | $1,915 | $899 | 134 |
| The Lakes | $1,940 | $917 | 204 |
| Apache | $2,003 | $695 | 567 |
| Tally Ho Farms Raintree | $2,100 | $1,199 | 114 |
| South Tempe | $2,371 | $899 | 469 |
| West Chandler | $4,752 | $1,050 | 363 |
| Alameda | $11,500 | $695 | 1159 |
Cheapest Available Tempe Apartments for Rent
The cheapest available apartment rental in Tempe, AZ is a Studio unit found at Valencia Park in the South Phoenix neighborhood priced from $755. SoL in the Downtown Tempe neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $760. Here is today’s list of the most affordable Tempe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valencia Park | Sonoma | Studio,1BA | $755 |
| SoL | 4BR/4BA - Silver | 4BR,4BA | $760 |
| Papago Vista | Junior One Bedroom | 1BR,1BA | $825 |
| The Atrium | 1x1 | 1BR,1BA | $850 |
| Monterey Village | S1 | Studio | Studio,1BA | $869 |
| Aster on University | A1 C | 1BR,1BA | $870 |
| Papago Gardens Apartments | Santorini Villas - 1 Bedroom | 1BR,1BA | $875 |
| Villas on 4th | Studio | Studio,1BA | $875 |
| Boulder Creek Apartments | S1 | Studio,1BA | $875 |
| Santorini Villa Apartments | 1 Bedroom | 1BR,1BA | $875 |
Best Value Apartments for Rent in Tempe, AZ
As of January 22, 2026 the best value apartment in the Tempe area is the $0.53 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $999. The second greatest value Tempe apartment is the D1 PHPV Model at Nine20 Tempe starting at $1,079 with a $0.74 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Tempe apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts on 8th | Student Housing | Furnished Townhome | 4BR,4.5BA | $0.53 |
| Nine20 Tempe | D1 PHPV | 4BR,4BA | $0.74 |
| Agave | Saguaro | 3BR,2BA | $1.35 |
| Villas at Papago | Two Bedroom | 1BR,1BA | $0.93 |
| Avenue 8 | B1 | 2BR,2BA | $1.09 |
| Lemon & Pear Tree Apartments | 2x2 G | 2BR,2BA | $1.34 |
| La Costa at Dobson Ranch | C2 | 2BR,2BA | $1.34 |
| 505 West | Havasu | 2BR,2BA | $1.33 |
| Allure at Tempe Apartments | Agave | 2BR,2BA | $1.31 |
| Sago Gardens | Single Story | 2BR,1BA | $1.24 |
A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.
Read Article
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleExpert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Tempe, AZ
Corona Del Sol High School
Tempe Union High School District
Public School - Grades 9-12 (2733)
9 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Tempe, AZ Rentals by Map
See the most popular apartments and homes in Tempe, AZ
Frequently Asked Questions about Tempe
What type of rentals are currently available in Tempe?
There are currently 1174 Apartments for Rent in Tempe, AZ with pricing that ranges from $649 to $17,119. There are also 724 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tempe ranging from $700 to $29,995.
What is the current price range for Rental Homes in Tempe?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Tempe ranges from $700 to $29,995 with an average monthly rent of $2,697.
How much are larger Three and Four Bedroom Rentals in Tempe?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Tempe range from $775 to $17,119, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $14,995. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $695.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
Written by: Andrew Jollett
I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).
Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
Written by: Andrew Jollett
I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.
A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Written by: Andrew Jollett
Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.
New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Written by: Andrew Jollett
Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.
Articles, How-To's, and Tips
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.